Based on daily data from May, Dubai reported:
• increases in supply (+8.8 percent) and demand (+6.1 percent);
• a 2.5-percent decline in occupancy to 78.1 percent;
• a 4.3-percent increase in average daily rate to Dhs809.88; and
• a 1.7-percent rise in RevPAR to Dhs632.23.

The emirate is forecast to post a 3.0-percent RevPAR increase for 2014.

“Demand remained strong for Dubai. However, supply growth continued to pick up for the fifth month in a row, leading to a decline in occupancy performance for May”, said Elizabeth Winkle, managing director of STR Global.